- Houston and Dallas Face Risk of Floods as Storms Sweep Texasby Admin on October 2, 2026 at 3:51 pm
Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 …
- Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance...on October 2, 2026 at 3:43 pm
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise …
- Florida Insurance Agent Pleads Guilty in $300,000 Premium Finance Schemeon October 2, 2026 at 2:56 pm
A Florida insurance agent faces years in prison after he pleaded guilty to fraudulently arranging more than $300,000 in premium financing for fake companies, then diverting much of the money to his personal use. Daniel Raney, 41, who managed Raney …
- US P/C Insurers See Fewer Ratings Downgrades in H1 2026 on Improved Performanceby L.S. Howard on October 2, 2026 at 2:56 pm
The US property/casualty insurance segment saw substantially fewer ratings downgrades with more ratings upgrades in the first half of 2026 — mostly related to either poor or improved operating performance, according to AM Best. There were about half as many …
- AI Tools Suspected in Korea’s Shinhan Bank Hack, Yonhap News Reportsby Admin on October 2, 2026 at 12:51 pm
Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated …
- To Shield Its Parishes, Vermont Diocese Wants to Pull Its Bankruptcy Filingby Andrew G. Simpson on October 2, 2026 at 12:21 pm
Facing a ruling that could expose its local parishes and schools to liability, no progress in settlement talks, and rising litigation costs, the Roman Catholic Diocese of Burlington, Vermont has taken the unusual step of asking the U.S. bankruptcy court …
- California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Riskson October 2, 2026 at 12:19 pm
California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …
- No Lights, No Radio: Getting Oil Through Strait of Hormuz Is a Risky Jobby Admin on October 2, 2026 at 11:55 am
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the US Navy to tell …
- Police Arrest Dual UK-Iranian National Over Airbase Plotby Admin on October 2, 2026 at 10:51 am
UK police said they arrested a sixth man, a British-Iranian dual national, in relation to an incident near an airbase used by the US to launch strikes on Iran. The 27-year-old man was arrested in London on suspicion of preparation …
- US States Challenge Corteva Spinoff as Bid to Evade PFAS Liabilitiesby Admin on October 2, 2026 at 10:24 am
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from tens of billions of dollars in potential liabilities tied to …
- International Criminal Court, AXA Cut Ties Amid Trump Campaign Against Courton October 2, 2026 at 9:38 am
The International Criminal Court has ended its contract with French life and health insurer AXA starting October 1 and will now be using a new health insurance provider, a spokesperson for the Hague-based court said. The spokesperson gave no reason …
- ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Yearsby Admin on October 2, 2026 at 9:22 am
ANZ Group Holdings Ltd. will part ways with KPMG Australia as its longtime external auditor, adding pressure on the accounting giant that has been grappling with the fallout from allegations it improperly used confidential client information to win business. The …
- Ohio Mutual Completes Merger of Idaho-Based Gem Stateon October 2, 2026 at 8:00 am
The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced. The organization plans to add new products and additional benefits to members …
- Wisconsin Workers’ Comp Rates Decrease for 11th Straight Yearon October 2, 2026 at 8:00 am
Wisconsin workers’ compensation rates will decrease by approximately 2% over the coming year, making the 11th straight year the state has seen premiums decline. The rate decrease, which went into effect October 1, saves an estimated $36 million for policies, …
- Trump’s Proposed Ban on Diesel Exports Could Hurt Texas Refineriesby Admin on October 2, 2026 at 8:00 am
The Trump Administration is pushing for a 90-day ban on diesel exports intended to rapidly lower climbing fuel prices for consumers, a proposal that, if enacted, will hurt the constellation of Texas refineries in the Gulf Coast and deal a …
Business
- Drones are winning over regulators as claims chases 'fewer touches'by Insurance Business on October 2, 2026 at 7:55 pm
Mid-America Catastrophe Services' Henry Maley says sharper imagery and wider acceptance have turned drone inspections from a novelty into standard practice
- Bold Penguin CEO: parametric is 'a good bet' for small commercialby Insurance Business on October 2, 2026 at 6:50 pm
Peter Settel wants to slip trigger-based cover into everyday commercial sales, long before most agents or clients go looking for it
- Gallagher allegedly approved her disability accommodation - then fired herby Insurance Business on October 2, 2026 at 6:06 pm
The accommodation was approved. What happened next is now a federal case
- No alarm, no tenants, no coverage: insurer fights studio theft claimsby Insurance Business on October 2, 2026 at 5:41 pm
Empty stages, no alarm, no property manager - and the thieves knew it
- Sequoia sues after departing broker allegedly used AI app to grab client databy Insurance Business on October 2, 2026 at 5:31 pm
The AI app was never approved. The client notes never came back
- Insurer chases $302K from Amazon over coffee maker fireby Insurance Business on October 2, 2026 at 5:22 pm
The thermostat was supposed to shut things down. It allegedly didn't
- Dog bite pits three carriers against each other after one goes silentby Insurance Business on October 2, 2026 at 5:15 pm
One carrier insured the dog's owner. It hasn't said a word since
- As flood risk shifts, old assumptions are getting expensiveby Insurance Business on October 2, 2026 at 4:29 pm
Losses are increasingly hitting lower-risk areas where insurance take-up can be weakest, says Davies leader
- MGAs are buying capacity in bigger blocks – and it's changing the broker’s roleby Insurance Business on October 2, 2026 at 4:29 pm
As MGA platforms grow and insurance conditions soften, brokers are helping distributors secure larger blocks of annual capacity rather than placing programs one transaction at a time
- What makes America’s top insurance employers stand out?by Insurance Business on October 2, 2026 at 4:25 pm
Find out what this year’s best insurance employers are doing differently to attract and satisfy their people
- Insurance job losses now worse than the financial crisisby Insurance Business on October 2, 2026 at 4:16 pm
Data released today shows carriers and related businesses have now seen more jobs go than in the 2008-2011 recruitment collapse
- California raises car-sharing liability floors, caps platform exposureby Insurance Business on October 2, 2026 at 3:12 pm
Higher minimums, narrower liability - California just rewrote the car-sharing playbook
- $7M bus-accident verdict zeroed out under sovereign immunity capby Insurance Business on October 2, 2026 at 3:09 pm
The parties agreed on $7 million. Costs, fees, and liens left nothing
- Insurer takes $1 to drop $81K suit - fee clause bites backby Insurance Business on October 2, 2026 at 3:06 pm
The insurer was winning. Then it accepted a dollar. Now the fees are flipped
- Why private companies may be underestimating D&O riskby Insurance Business on October 2, 2026 at 2:51 pm
Travelers warns brokers that private company D&O claims extend well beyond traditional shareholder litigation